Worcester Foreclosure Defense Lawyer

Serving Clients in Worcester & the Surrounding Areas

Are you facing the foreclosure of your home? Have financial hardships caused you to fall behind on your mortgage payments?

Unfortunately, lenders have very little sympathy for the financial problems of their customers. They will take action to recover the property in an effort to maintain their profitability.

This can be a very distressing prospect for you as a homeowner. Many people in this situation feel that nothing can be done to avoid foreclosure. This is not the case. Certain strategies can be applied that may save your home and/or your credit rating.

To understand your options, it is important that you seek the services of a competent attorney who understands this field of law.

As a Worcester foreclosure defense lawyer at Morrison & Associates, I can thoroughly review your potential foreclosure situation to determine what steps can be taken to avoid the repercussions of foreclosure or to avoid the loss of your home.

We can work together to then do what is in your best interests regarding your situation.

What Actions Can Be Taken to Defend Your Home Against Foreclosure?

Several actions can be initiated to avoid or forestall foreclosure and its repercussions on your credit.

These actions will be based on:

• Your mortgage agreement
• Other relevant facts and circumstances
• And your particular objectives

As your Worcester foreclosure defense attorney, I will ensure that an exhaustive review of your situation occurs so you can make a rational decision on how best to proceed.

A thorough plan can then be devised to achieve your goals, whether it is:

• Working with your lender for an extension
• Filing for bankruptcy to achieve an automatic stay
• Or challenging the foreclosure based on appropriate legal claims

Time is of the essence, however, in this matter so contact Morrison & Associates as soon as possible.

Your Local Worcester Foreclosure Defense Solutions

In Worcester, the threat of foreclosure can feel overwhelming, especially with the rising cost of living and economic challenges many families face. Local resources, such as the Worcester Housing Authority and the Massachusetts Attorney General's Office, provide valuable information and support for homeowners in distress. These entities can guide you through the complexities of foreclosure laws and available protections, ensuring you are informed about your rights.

Many residents in Worcester are grappling with financial difficulties due to job loss, medical expenses, or unexpected repairs. These issues can lead to missed mortgage payments, putting your home at risk. It’s crucial to understand that you are not alone in this struggle. Our firm is dedicated to helping Worcester homeowners navigate these tough times by offering personalized foreclosure defense strategies tailored to your unique situation.

Additionally, the Massachusetts foreclosure laws provide certain protections for homeowners, especially those with high-cost loans. Understanding these laws can be a game-changer in your fight against foreclosure. We are here to help you decipher these regulations and leverage them to your advantage.

Foreclosure FAQs

Will I Lose All Equity in Foreclosure?

If you are not able to save your house from foreclosure, you may still be able to get back the equity that you poured into your home. Equity is earned by the ownership you gain as you pay into your mortgage.

If you are unable to prevent foreclosure, any equity left over after the sale, bills, fees, and all expenses that go with foreclosure will belong to you. It is important to note that the more behind a person becomes on their mortgage, the lower their equity gets.

Can I Get Foreclosure Protection?

If you are at risk of foreclosure, you may be wondering if there are any state resources available to protect you from such a difficulty. In Massachusetts, there are certain foreclosure protections available for borrowers with high-cost home loans under Massachusetts General Laws Chapter 244 § 35B.

The qualifications of a high-cost home loan include:

• Certain fees
• Points
• And annual interest rates

Not all MA homeowners apply for foreclosure protection.

How Long Can I Stay in My Home After Foreclosure?

You have the right to stay in your home until foreclosure has been finalized and your home has been sold. Generally speaking, foreclosures may last anywhere from eight weeks to a year or longer, depending on the unique situation. Let our firm help you prevent foreclosure! 

Related Reading:

• What the End of the Eviction Moratorium Means for MA Residents